Villere ST Denis J & Co. LLC increased its position in shares of Schlumberger Limited. (NYSE:SLB) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 142,836 shares of the oil and gas company’s stock after buying an additional 7,150 shares during the quarter. Villere ST Denis J & Co. LLC’s holdings in Schlumberger were worth $9,625,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of SLB. Harding Loevner LP raised its stake in Schlumberger by 1,337.3% during the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after buying an additional 129,289,552 shares during the period. Dodge & Cox raised its stake in Schlumberger by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after buying an additional 5,494,165 shares during the period. Capital International Investors raised its stake in Schlumberger by 74.8% during the 3rd quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock worth $699,798,000 after buying an additional 4,294,058 shares during the period. Vanguard Group Inc. raised its stake in Schlumberger by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after buying an additional 2,790,227 shares during the period. Finally, Capital Research Global Investors raised its stake in Schlumberger by 13.8% during the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after buying an additional 1,993,829 shares during the period. 80.01% of the stock is currently owned by institutional investors and hedge funds.
In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the completion of the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Howard Guild sold 25,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total value of $1,956,500.00. Following the transaction, the insider now directly owns 22,410 shares of the company’s stock, valued at $1,753,806.60. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The business had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.12 billion. During the same period in the prior year, the company earned $0.27 earnings per share. Schlumberger’s revenue was up 15.1% compared to the same quarter last year. equities research analysts predict that Schlumberger Limited. will post 2.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.98%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is -175.44%.
SLB has been the topic of a number of research reports. Royal Bank of Canada set a $73.00 price target on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, December 21st. ValuEngine downgraded Schlumberger from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. B. Riley set a $80.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Jefferies Group set a $78.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 4th. Finally, Cowen set a $85.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $81.59.
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Schlumberger Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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